Metro Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 041695745 ✦ Chelsea, MA ✦ Designated as a 501(c)(14)

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Overview

What is Metro Credit Union?

Metro Credit Union is a financial institution functioning as a nonprofit organization. Based on the given information, its primary role involves offering loan and deposit products to its members to help them manage their financial needs. Although not explicitly stated, it appears that Metro Credit Union aims to provide these financial services to assist individuals in achieving financial stability and growth. The organization does not disclose specific details regarding its mission, size, or location, but it is known for extending its services to those who register as its members.


Official website here: www.metrocu.org

Is Metro Credit Union legitimate?

Metro Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metro Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,202,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,685,160

For more financial information, click here


Official website here: www.metrocu.org

What is the mission statement of Metro Credit Union?

Metro Credit Union is dedicated to helping its members address their financial requirements through the provision of various loan and deposit products. The organization's primary objective is to assist members in meeting their financial needs. By offering these financial solutions, Metro Credit Union empowers its members to manage their money effectively and reach their financial goals. The credit union does not limit its services to just loans and deposits; it aims to provide a comprehensive range of financial products to cater to the diverse needs of its members. Additionally, Metro Credit Union may offer associated services such as online banking and financial education resources to enhance the value of its offerings.


Official website here: www.metrocu.org

Who is the CEO of Metro Credit Union?

Robert M Cashman is the President/Ceo/Director of Metro Credit Union. The CEO's salary of Metro Credit Union is $1,275,383 and their total compensation is $1,322,209.


Official website here: www.metrocu.org

What is the revenue of Metro Credit Union?

Metro Credit Union's revenue in 2022 was $114,336,853.


Official website here: www.metrocu.org

Who are the executives of Metro Credit Union and what are their salaries?

The average compensation at Metro Credit Union during 2022 was $59,275. There are 403 employees and 11 volunteers at Metro Credit Union.


Here are 23 key members and their salaries (Metro Credit Union's CEO's salary is $1,275,383 and their total compensation is $1,322,209):


Robert M Cashman (President/Ceo/Director)
  • Compensation: $1,275,383
  • Related: $0
  • Other: $46,826
David Holzman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arnold S Baer (Director/Assistant Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bion Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Zang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Cohan (Director (Deceased))
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Imbergamo (Director/Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Harris (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul M Gulko (Director/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Smoller (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Frank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie O'Neill (Svp Engagement, Experience)
  • Compensation: $251,684
  • Related: $0
  • Other: $23,513
Charlene Bauer (Svp Outreach, Advocacy & C)
  • Compensation: $231,296
  • Related: $0
  • Other: $22,826
Erik Porter (Chief Financial Officer)
  • Compensation: $401,894
  • Related: $0
  • Other: $21,984
Traci Michel (Chief Operating Officer)
  • Compensation: $581,365
  • Related: $0
  • Other: $33,296
James Herndon (Svp Human Resources)
  • Compensation: $203,086
  • Related: $0
  • Other: $28,573
Maria A Justiniano (Svp Lending)
  • Compensation: $257,973
  • Related: $0
  • Other: $31,411
Kevin Malone (Svp Senior Commericial Len)
  • Compensation: $373,814
  • Related: $0
  • Other: $27,326
Kevin Gannon (Mortgage Loan Originator)
  • Compensation: $360,772
  • Related: $0
  • Other: $34,337
Alex Mcmaster (Loan Originator)
  • Compensation: $212,091
  • Related: $0
  • Other: $14,695
Eric Gilliland (Vp Commercial Relationship Manager)
  • Compensation: $281,697
  • Related: $0
  • Other: $32,286
Jeffrey Accaputo (Mortgage Client Services S)
  • Compensation: $374,683
  • Related: $0
  • Other: $20,782


Official website here: www.metrocu.org

Where can I find the form 990 for Metro Credit Union?

Metro Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.metrocu.org

Learn more at the official website: www.metrocu.org

Mission Statement of Metro Credit Union

Metro Credit Union, a financial institution, is dedicated to helping its members meet their financial needs. Through a range of loan and deposit products, Metro Credit Union assists its members in managing their funds effectively. The organization's mission goes beyond just financial services; it aims to make a positive impact on the lives of its members.

Metro Credit Union's commitment to its members extends beyond providing them with the necessary financial tools. The union serves as a reliable partner in their financial journeys, offering them guidance and support when needed. By prioritizing the financial well-being of its members, Metro Credit Union plays a vital role in helping them navigate through various financial challenges and achieve their financial goals.

In essence, Metro Credit Union is more than just a credit union; it is a trusted ally that empowers its members to make informed financial decisions. Its mission is to provide valuable financial services that cater to the unique needs of each member and contribute to their overall financial stability. By working closely with its members, Metro Credit Union fosters a strong sense of financial security and enables them to build a better future.

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Impact




October, 2024

Metro Credit Union significantly impacts its community by providing a range of loan and deposit products tailored to assist members in meeting their financial needs. Located in Chelsea, MA, it plays a vital role in fostering financial well-being, offering accessible and affordable financial solutions that empower individuals to achieve their goals. By prioritizing the needs of its members, Metro Credit Union helps enhance the economic landscape of the area, promoting better financial literacy and stability among its clientele. Its commitment to supporting the community showcases how financial institutions can contribute positively to public benefit.




This information is meant to be a general summary of Metro Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$114,336,853 (2022)
Expenses
$83,937,696 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,759,371
  • Program Service Revenue: $104,066,283
  • Gross Receipts: $827,346,964

Assets and Liabilities:

  • Total Assets: $3,156,507,565
  • Total Liabilities: $2,917,840,908
  • Net Assets: $238,666,657

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME ON LOANS

Revenue

$83,860,192

MEMBER FEES

Revenue

$18,026,214

LOAN FEES

Revenue

$2,179,877

Organization Details

Founding Year

1926

Principal Officer

Robert M Cashman

Main Address

200 REVERE BEACH PARKWAY, CHELSEA, MA, 02150

NTEE Category

Code: W60 - Public benefit

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